SRT Marine Systems Clarifies Philippine Project and Continues Operations

SRT Marine Systems ( (GB:SRT) ) just unveiled an announcement.

SRT Marine Systems PLC has addressed recent reports in the Philippine press concerning the IMEMS fisheries project, clarifying that the contract was awarded through a competitive international tender and is now operational. The company assures that its business operations continue unaffected, with support for existing projects and pursuing new opportunities, while legal processes are underway to resolve allegations involving individuals outside of SRT.

More about SRT Marine Systems

SRT Marine Systems PLC is a leading company in the global market for maritime domain awareness, offering technology-driven solutions for coastal and exclusive economic zone (EEZ) surveillance, fisheries management, monitoring, and navigation safety and efficiency. Their clientele includes government agencies such as Coast Guards, Fishery Authorities, and Ports & Waterway authorities, as well as commercial and leisure vessel owners.

YTD Price Performance: 13.41%

Average Trading Volume: 259,910

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £137.5M

For an in-depth examination of SRT stock, go to TipRanks’ Stock Analysis page.